• 2022-06-06
    The terms of trade effect of a tariff refers to the fact that a small country can benefit by levying a tariff.
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      If the U.S. (a large country) imposes a tariff on its imported good, this will tend to ____________. A: cause a deterioration of U.S. terms of trade. B: have no effect on terms of trade. C: improve the terms of trade of all countries. D: improve the terms of trade of the United States.

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      If the U.S. (a large country) imposes a tariff on its imported good, this will tend to() A: have no effect on terms of trade. B: improve the terms of trade of all countries. C: improve the terms of trade of the United States. D: cause a deterioration of S. terms of trade. E: raise the world price of the good imported by the United States.

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      The Free Trade Agreement came into effect in 1989, with a schedule of removing tariff protection on most items by 1990.

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      Should Canada impose a tariff on imports, one would expect Canada's:(  ) A: Terms of trade to improve and volume of trade   to decrease B: Terms of trade to worsen and volume of   trade to decrease C: Terms of trade to improve and volume of   trade to increase D: Terms of trade to worsen and volume of   trade to increase

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      中国大学MOOC: Suppose Iran imposes a tariff on lumber. For the tariff to have any effect, it must be the case that